Forex news is necessary for fundamental analysis. It is quite influential although generally, it is temporary. However, the existence of this fundamental news can sometimes affect the macro trend in the future. It is important to know how much influence fundamental news has in forex trading.

Fundamental news is a news related to things that represent the economy of a country in general. This analysis is represented by the news that is repeated periodically and can move the market at that time.

Unlike technical analysis which only utilizes the history of price movements, in this analysis, you will instead try to capture opportunities that might arise from the news or economic data related to a country and affect the country's currency.

Make use of Fundamental Analysis to get Maximum Profits

Many misconceptions often occur regarding forex trading using fundamental news. The most fatal thing is the misguided assumption that to be profitable, traders must get news before data releases. Or vice versa, traders do not need to know the news related to trading.

Therefore, you must understand well the use of fundamental news properly before engaging in forex trading activities. By observing and studying the economic data, it is as if you are trying to "peek" at the possibility of further price movements.

There are many ways to do fundamental news analysis. One of them is by utilizing the information contained on the Didimax forex broker website. Didimax can help you provide the latest information and of course a good and correct forex analysis method.

It is important to remember that the level of price volatility moves increases when the news is released. It's hard enough to predict where the price will go. Therefore, it is necessary to have a good strategy to deal with situations like this.

Fundamental Analysis Should be Combined with Some Forex Trading Strategy

The Double Bollinger Bands strategy only relies on changing the formation of candlestick movements. The Bollinger Bands indicator makes it easy for you to analyze on a simple display. The probability of success is known to be quite high but provided the entry position is following the conditions.

To be more accurate, you can combine it with price action analysis or patterns of candlestick movements. For that, the things you need to understand in-depth are the Bollinger Bands indicator, candlestick patterns, and price patterns.

1-Minute scalping is a popular method and is relatively suitable for use among novice traders. But it does not mean that this method does not require high discipline and concentration. This strategy requires you to set aside a specific time in trading, at least few hours a day.

Others Strategy You Could Use in Forex Fundamental Analysis

Short-term Reversal Bollinger strategy uses Bollinger Bands in a simple mechanical trading system for short-term transactions. In this simple strategy, the indicator works to find turning points in a trend. It is one of recommended strategy by the best forex broker like Didimax.

London Breakout is a strategy that relies on a price break from a key level as a trigger for entry. It is more influenced by fundamental than technical factors. Traders often look for breakout trading opportunities at certain times, especially when the market is enlivened by forex news.

As the name implies, the Camarilla Pivot is a derivative of the pivot points strategy. This strategy is similar to pivot points but tends to be more complete to use as a strategy. The basis of the technique used is bounce and breakout trading.

But keep in mind, there is no guarantee that all of these strategies will always work for you. Therefore, it is important to combine good risk and money management under your capital strength. And do not forget to analyze first before you decided something.

The correct way to analyze fundamental news is not to use certain good or bad economic data. It is used as a reference for opening long-term trading positions in the opposite direction to the majority trading position. Didimax can help you dive deeper into the fundamental analysis.